Fraud Examination
6th Edition
ISBN: 9781337619677
Author: Albrecht, W. Steve, Chad O., Conan C., Zimbelman, Mark F.
Publisher: Cengage,
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Students have asked these similar questions
(a) You recently attended a lecture where it was stated that “professionals all over the world should be alive to their duties and not breach the ethics of their profession”. This statement was an affirmation of what you know that public interest and ethical standards should not be compromised by professionals in the discharge of their duties.
Required:
a. What is Professional ethics?
b. Briefly discuss the importance of professional ethics
c. Highlight the differences between rule based and principle-based
professional ethics
d. Discuss the inherent weaknesses of rule-based professional ethics
e. Discuss the advantages of principle-based professional ethics.
Quite often, people may face situations that put them in an ethical conflict. The best way to cope with this is ________.
Question 22 options:
A)
to develop a personal code of ethical conduct about what is right and wrong
B)
to use the "golden rule"
C)
to do what makes the largest number of people happy in the situation
D)
to do nothing and ignore the situation
E)
to act the same way you have seen others act in similar situations
1. Do you think that financial managers should be held to a higher standard of ethical behavior?
2. In the video on ethics and my article from the Conway Daily Sun, there were several examples of unethical behavior, Please discuss a real life example of unethical behavior either from your personal experience or from the news. What do you think can be done to change the unethical behavior, or do you think it can't be stopped?
Knowledge Booster
Similar questions
- In a recent article published by the Economic Times, David Wilson, president and CEO of the Graduate Management Admission Council (GMAC) stated that "ethics cannot be taught in a business school. It has to be part of the DNA." Do you think that ethics can be taught in a traditional learning environment to prevent future accounting scandals? Where else might ethics be taught (if they can be taught at all)? Article Bhattacharya, S. (2013, March). Ethics Can't Be Taught in Business School: GMAC president David Wilson. The Economic Times. https://economictimes.indiatimes.com/opinion/interviews/ethics-cant-be-taught-in-business-school-gmac-president-david-wilson/articleshow/19051640.cms Please provide IN-TEXT Citations and credible references. Thanks!arrow_forwardThe following statements have appeared in newspaper editorials:1. Business students come from all segments of society. If they have not been taught ethics bytheir families and by their elementary and secondary schools, a business school can have littleeffect.2. Sacrificing self-interest for the collective good won’t happen unless a majority of Americansalso accept this premise.3. Competent executives manage people and resources for the good of society. Monetary benefitsand titles are simply the by-products of doing a good job.4. Unethical firms and individuals, like high rollers in Las Vegas, are eventually wiped outfinancially.Required:Assess and comment on each of the statements.arrow_forward1. Differences among coworkers in the workplace is called: A. Workplace culture B. Workplace diversity C. Workplace communication D. All of these E. None of these 2. Reciprocity is: A. Creating debts and obligations for doing something B. Keeping a mental scorecard of who "owes" you a favor at work C. Both Creating debts and obligations for doing something and Keeping a mental scorecard of who "owes" you a favor at work D. None of these 3. The following may cause unethical behavior: A. Your parents's honesty B. Your religious views C. Associating with people who shoplift D. All of these E. None of thesearrow_forward
- THE COLD, HARD REALITY The media’s attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the perceived wrongdoings of your employer will guarantee you public support as an honourable and ethical person, putting the needs of your fellow human beings before your own. In reality, the majority of whistle-blowers face the opposite situation. They are branded as traitors, shunned by their former colleagues, and often singled out to the extent that they never find work in their respective industries again. Consider the cases of the following two individuals who made the same tough ethical choices as their more famous counterparts with markedly different outcomes. Khaled Assadi, an American employee of GE Energy, was temporarily assigned to the company’s Amman, Jordan, operations, where he was responsible for coordinating with Iraq’s governing bodies to secure and manage energy service…arrow_forwardTHE COLD, HARD REALITY The media’s attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the perceived wrongdoings of your employer will guarantee you public support as an honourable and ethical person, putting the needs of your fellow human beings before your own. In reality, the majority of whistle-blowers face the opposite situation. They are branded as traitors, shunned by their former colleagues, and often singled out to the extent that they never find work in their respective industries again. Consider the cases of the following two individuals who made the same tough ethical choices as their more famous counterparts with markedly different outcomes. Khaled Assadi, an American employee of GE Energy, was temporarily assigned to the company’s Amman, Jordan, operations, where he was responsible for coordinating with Iraq’s governing bodies to secure and manage energy service…arrow_forwardTHE COLD, HARD REALITY The media’s attention to Jeffrey Wigand, Sherron Watkins, Coleen Rowley, and Cynthia Cooper could lead you to believe that doing the right thing and speaking out against the perceived wrongdoings of your employer will guarantee you public support as an honourable and ethical person, putting the needs of your fellow human beings before your own. In reality, the majority of whistle-blowers face the opposite situation. They are branded as traitors, shunned by their former colleagues, and often singled out to the extent that they never find work in their respective industries again. Consider the cases of the following two individuals who made the same tough ethical choices as their more famous counterparts with markedly different outcomes. Khaled Assadi, an American employee of GE Energy, was temporarily assigned to the company’s Amman, Jordan, operations, where he was responsible for coordinating with Iraq’s governing bodies to secure and manage energy service…arrow_forward
- 1. Why are employees inside stakeholders but (workers) unions classified as outside stakeholders? 2. To what extent does “discretionary responsibilities” support the argument for corporate social responsibility? 3. Citing the findings of published articles, does pursuing CSR make companies more profitable? 4. Differentiate between workplace romance and sexual harassment. 5. A Lecturer reports a student to management because the latter offered the former a fuel voucher. According to the definition of bribery, was the Lecturer right in the action she took? Answer all pleasearrow_forward1. Why are employees inside stakeholders but (workers) unions classified as outside stakeholders? 2. To what extent does “discretionary responsibilities” support the argument for corporate social responsibility? 3. Citing the findings of published articles, does pursuing CSR make companies more profitable? 4. Differentiate between workplace romance and sexual harassment. 5. A Lecturer reports a student to management because the latter offered the former a fuel voucher. According to the definition of bribery, was the Lecturer right in the action she took?arrow_forwardMany professional certifications now have requirements for ethics training. A. Define ethics. B. Why does the accounting profession put so much emphasis on acting ethically?arrow_forward
- Cecelia, a human resources manager, is working on an ethics policy for the company she works for. You advise her that ________ is the best support for ethical behaviour in an organization. Question 4 options: A) codes of conduct B) senior management support C) social audits D) senior management directives E) front-line supportarrow_forward"Managers can do a number of things if they’re serious about encouraging ethical behavior"If you are an organization manager Telecom , explain how you will encourage your employees to behave ethically? *Note explain in detailarrow_forward
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